Tuesday, January 4, 2011

1/4 11:15

Will not re-enter long dollar until 79.79 is broken.  Looking for a lower re-entry after a 5 up completed.
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4 comments:

  1. AnonymousJanuary 4, 2011 at 8:57 AM

    Steve

    Would you expect a break below 1265.40 short term resistance and a move below 1253 as a short term trend change in the SPX cash?

    Jack C

    ReplyDelete
  2. AnonymousJanuary 4, 2011 at 9:29 AM

    Looks like Crude is working on five waves down; might still be in the third of five down. Looks to be in the fourth wave of the third, still leaving some consolidation of the fourth wave of the five down. Would the $37 level of USO be reasonable expectation for the end of five down?

    DennisP

    ReplyDelete
  3. Steve KotelesJanuary 4, 2011 at 9:51 AM

    Dennis, crude is completing it's 3rd down now. Eventual target 37 USO is right on.

    ReplyDelete
  4. Steve KotelesJanuary 4, 2011 at 9:52 AM

    Jack, I'll post your reply.

    ReplyDelete

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